Italian stock trading falls 30% after FTT

Credit Suisse research suggests Italy's tax on trading means investors are 'simply trading a lot less than before'

Trading in Italian equities has slumped by 30% since the introduction of a financial transaction tax, led by a substantial decline in off-exchange activity, according to Credit Suisse.

The Swiss bank's latest analysis comes as 11 European countries continue discussions on introducing an EU-wide FTT, with a proposal expected before European parliamentary elections next month.

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